Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against BingX−0.300%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1281.278% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.300%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.293% cheaper against BingX than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CFG-USDT | 0.1333 | 0.0100 | pay 0.0050% / 4h | 1h 58m | — | $1.7M | — |
| Short | BloFin CFG-USDT | 0.1329 | 0.0082 | get 0.0041% / 4h | 1h 58m | $170K | $34K | 50x |
BingX CFG-USDT
BloFin CFG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.76
- Price spread: −0.300% → −0.007%
- −$29.31
- Slippage, 4 orders
- −$105.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$160.85
- Costs to cover
- 1.278%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 16 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 3 min ago | 7.49 bp | 26.6 bp −$27 | 90.2 bp −$902 | 712.3 bp −$71.2K | 1155.3 bp −$577.7K |
| Sell BloFin live order book, 16 min ago | 7.54 bp | 42.5 bp −$42 | 103.0 bp −$1,030 | 467.6 bp −$46.8K | doesn't fit |
CFG on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_CFGUSD | −0.2386% | 1h | 0.1332 | −0.099% | $11K | $5K | 10x | as long as short |
| BloFin CFG-USDTshort | +0.0082% | 4h | 0.1329 | −0.300% | $170K | $34K | 50x | |
| Aster CFGUSDT | +0.0100% | 4h | 0.1332 | −0.112% | $7K | $43K | 10x | as long as short |
| Binance CFGUSDT | +0.0100% | 4h | 0.1332 | −0.063% | $2.7M | $8.1M | 50x | as long as short |
| Bybit CFGUSDT | +0.0100% | 4h | 0.1332 | −0.075% | $1.9M | $2.1M | 25x | as long as short |
| Gate CFG_USDT | +0.0100% | 4h | 0.1332 | −0.105% | $525K | $341K | 20x | as long as short |
| MEXC CFG_USDT | +0.0100% | 4h | 0.1332 | −0.075% | $364K | $145K | 20x | as long as short |
| KuCoin CFGUSDTM | +0.0100% | 4h | 0.1331 | −0.150% | $343K | $152K | 20x | as long as short |
| Bitget CFGUSDT | +0.0100% | 4h | 0.1332 | −0.060% | $923K | $895K | 20x | as long as short |
| BingX CFG-USDTlong | +0.0100% | 4h | 0.1333 | long leg | — | $1.7M | — |
Kraken Futures PF_CFGUSD
Aster CFGUSDT
Binance CFGUSDT
Bybit CFGUSDT
Gate CFG_USDT
MEXC CFG_USDT
KuCoin CFGUSDTM
Bitget CFGUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CFG-USDT | +0.0100% | 4h | 0.1331 | −0.150% | $2K | $1.1M | 20x | as long as short |
| Extended CFG-USD | +0.0104% | 1h | 0.1331 | −0.131% | $29K | $227K | 5x | as long as short |
SunX CFG-USDT
Extended CFG-USD